REVISED
September 25-26, 2003

ITEM 120-1004-R0903 Authorization
to Confer the Title of Professor Emeritus of Business Administration upon
Richard T. Dailey; The University of Montana-Missoula

THAT: Richard T. Dailey, Professor of Management, in his
22 years of service to The University of Montana, has merited the appreciation
and commendation of the Board of Regents of the Montana University System, and
has earned recognition as Professor Emeritus of Business Administration.

EXPLANATION:Richard Dailey received his
bachelor’s degree in dairy science from Pennsylvania State University in
1953. After serving in the U.S. Army,
he returned to his alma mater to complete both the M.S. and Ph.D. in
agricultural economics. In 1968, he moved west, teaching at both Washington
State University and the University of Idaho, before coming to The University
of Montana in 1981. His experience as a visiting professor in the Department of
Management that year became a permanent appointment the very next year.

During his tenure at The
University of Montana, Dr. Dailey guided senior student consulting teams in the
Small Business Institute. Because of the excellent real-life experience offered
to these students, this course continues as one of the School’s capstones, even
after funding through the U.S. Small Business Administration ended. Professor
Dailey held offices at both the regional and national levels of the Small
Business Institute Directors’ Association, as well as being recognized as a
“Fellow” of SBIDA. He received the Burlington Northern Foundation Faculty
Achievement Award for Excellence in Teaching in 1988.

In addition to linking students with the business
community through the SBI, Professor Dailey’s other main interest has been in
the international area. For the 1988-89
academic year, he was named a faculty exchange scholar to Toyo University in
Tokyo, Japan. In 1992-93, he returned
to Toyo, while on sabbatical to conduct research at two Japanese
companies. His most recent
international honor was as a Fulbright Scholar in Belarus State University
during 2001-02.

Throughout his career at The University of Montana,
Dr. Richard T. Dailey has served UM and the community with distinction. In this dedicated service he has earned the respect of his students, colleagues, and
associates throughout the University and the State of Montana. The Board and the University are grateful.